Postcode ATO 2023–24
Balmoral 3407 income
The median taxable income for Balmoral postcode 3407 was $40,402 in 2023–24, and the average taxable income was $43,553 (ATO Table 8).
266 individuals; ranked 586 of 594 in VIC; ranked 2,219 of 2,283 nationally by median taxable income.
266
individuals, ATO 2023–24
ATO Table 8
$40,402
median taxable income, ATO 2023–24
ATO Table 8
$43,553
average taxable income, ATO 2023–24
ATO Table 8
586
state rank by median taxable income, ATO 2023–24
of 594
ATO Table 8
2,219
national rank by median taxable income, ATO 2023–24
of 2,283
ATO Table 8
Where it sits in VIC
Vertical axis: Number of VIC postcodes. Horizontal axis: Median taxable income ($), ATO 2023–24, in bands of $2,000. The highlighted band holds this one.
Show data
| Band | Number of VIC postcodes |
|---|---|
| $34,000 to $35,999 | 3 |
| $36,000 to $37,999 | 1 |
| $38,000 to $39,999 | 2 |
| $40,000 to $41,999 (includes this one) | 11 |
| $42,000 to $43,999 | 22 |
| $44,000 to $45,999 | 38 |
| $46,000 to $47,999 | 46 |
| $48,000 to $49,999 | 55 |
| $50,000 to $51,999 | 54 |
| $52,000 to $53,999 | 56 |
| $54,000 to $55,999 | 50 |
| $56,000 to $57,999 | 48 |
| $58,000 to $59,999 | 44 |
| $60,000 to $61,999 | 40 |
| $62,000 to $63,999 | 27 |
| $64,000 to $65,999 | 21 |
| $66,000 to $67,999 | 22 |
| $68,000 to $69,999 | 15 |
| $70,000 to $71,999 | 11 |
| $72,000 to $73,999 | 8 |
| $74,000 to $75,999 | 8 |
| $76,000 to $77,999 | 3 |
| $78,000 to $79,999 | 5 |
| $80,000 to $81,999 | 1 |
| $82,000 to $83,999 | 2 |
| $84,000 to $85,999 | 0 |
| $86,000 to $87,999 | 1 |
ATO Table 8
Taxable income by year
Vertical axis: Taxable income ($), ATO 2023–24. Horizontal axis: Tax year.
No years are published between 2003–04 and 2013–14.
- median taxable income
- average taxable income
Show data
| Year | median taxable income | average taxable income |
|---|---|---|
| 2003–04 | $25,242 | $25,604 |
| 2013–14 | $31,144 | $36,873 |
| 2014–15 | $33,555 | $39,643 |
| 2015–16 | $36,950 | $40,350 |
| 2016–17 | $36,335 | $45,888 |
| 2017–18 | $38,629 | $51,017 |
| 2018–19 | $44,845 | $53,049 |
| 2019–20 | $38,967 | $49,089 |
| 2020–21 | $42,094 | $48,129 |
| 2021–22 | $47,911 | $57,757 |
| 2022–23 | $42,680 | $52,039 |
| 2023–24 | $40,402 | $43,553 |
ATO Table 8
| Year | individuals | median taxable income | average taxable income |
|---|---|---|---|
| 2003–04 | 325 | $25,242 | $25,604 |
| 2013–14 | 286 | $31,144 | $36,873 |
| 2014–15 | 275 | $33,555 | $39,643 |
| 2015–16 | 279 | $36,950 | $40,350 |
| 2016–17 | 290 | $36,335 | $45,888 |
| 2017–18 | 270 | $38,629 | $51,017 |
| 2018–19 | 267 | $44,845 | $53,049 |
| 2019–20 | 267 | $38,967 | $49,089 |
| 2020–21 | 271 | $42,094 | $48,129 |
| 2021–22 | 276 | $47,911 | $57,757 |
| 2022–23 | 272 | $42,680 | $52,039 |
| 2023–24 | 266 | $40,402 | $43,553 |
ATO Table 8
29.73%
ten-year growth in median taxable income, ATO 2023–24
from 2013–14 to 2023–24
ATO Table 8
Neighbouring postcodes
Postcodes that share a boundary with 3407, from ABS postal area boundaries (2021).
| Postcode | median taxable income | state rank by median taxable income |
|---|---|---|
| Haven 3401 | 234 | |
| Cavendish 3314 | 519 | |
| Coleraine 3315 | 543 | |
| Balmoral 3407 | 586 |
ATO Table 8; boundaries from the ABS
Where it sits in Southern Grampians
Balmoral 3407 ranks 8 of 8 postcodes in the Southern Grampians local government area by median taxable income (ATO 2023–24, Table 8).
A postcode is listed under every LGA that holds at least 25% of it, so one that crosses a council boundary appears in more than one list.
| Postcode | rank in the LGA by median taxable income | median taxable income |
|---|---|---|
| Hamilton 3300 | 1 | |
| Branxholme 330275% of this postcode is in the LGA | 2 | |
| Tarrington 330189% of this postcode is in the LGA | 3 | |
| Penshurst 328991% of this postcode is in the LGA | 4 | |
| Cavendish 3314 | 5 | |
| Dunkeld 3294 | 6 | |
| Coleraine 331596% of this postcode is in the LGA | 7 | |
| Balmoral 3407 | 8 |
ATO Table 8; LGA from the ABS postcode to LGA correspondence (2025)
Ranked next to it in VIC
Five postcodes above and five below in the same state, or fewer at either end of the ranking.
| Postcode | state rank by median taxable income | median taxable income |
|---|---|---|
| Clayton 3168 | 581 | $41,300 |
| Merton 3715 | 582 | $41,293 |
| Mallacoota 3892 | 583 | $41,234 |
| Yarck 3719 | 584 | $41,192 |
| Welshpool 3966 | 585 | $40,446 |
| Newmerella 3886 | 587 | $40,350 |
| Strathdownie 3312 | 588 | $40,096 |
| Nyah West 3595 | 589 | $39,863 |
| Baddaginnie 3670 | 590 | $38,023 |
| Carlton 3053 | 591 | $37,313 |
ATO Table 8